Author

Topic: Bitcoin Scams- Just a general thought (Read 500 times)

hero member
Activity: 532
Merit: 500
December 10, 2013, 03:58:32 PM
#4
I have been mulling around here for a few weeks and have seen a lot of posts about people being scammed out of their bitcoins.

I don't understand this. How do you fall for a scam, involving money that is hard to trace and is anonymous?
I mean it's like the people who fall for the "I have 2 Billion Euros in a seized bank account and need your help to get it out. In return I will give you half"

Simple rule to follow in the internet world, and has been for years. Trust no one.
Let's amend that with Trust no one, even with your bitcoins.

Am I wrong to think like this?


It's quite simple, really. People get so blinded by the prospect of making money that rationality jumps right out of the window. Along with their wallet.

Use your common sense. If it seems too good to be true, then it quite possibly is. The less well known the website, or individual, then the higher probability there is that you'll be scammed. Before doing anything. Ask questions. Lots and lots of questions. Or better yet, just ask yourself; would you be doing this with money? Really?
member
Activity: 112
Merit: 10
December 10, 2013, 03:13:33 PM
#3
Well, being hacked is different than being scammed.
newbie
Activity: 11
Merit: 0
December 10, 2013, 03:03:56 PM
#2
Yes but you have to rely on a bunch of software and services to mine, store, trade and sell digital coins.

As I started looking into it, one thing I'm concerned about is that by installing a bunch of different underground software I don't know about, any one of them could contain a trojan or virus. All it would take is for a security glitch to allow a piece of code to be inserted in the latest version of one of the several software; or for someone to recommend a special tool to fix a problem.
member
Activity: 112
Merit: 10
December 10, 2013, 02:39:32 PM
#1
I have been mulling around here for a few weeks and have seen a lot of posts about people being scammed out of their bitcoins.

I don't understand this. How do you fall for a scam, involving money that is hard to trace and is anonymous?
I mean it's like the people who fall for the "I have 2 Billion Euros in a seized bank account and need your help to get it out. In return I will give you half"

Simple rule to follow in the internet world, and has been for years. Trust no one.
Let's amend that with Trust no one, even with your bitcoins.

Am I wrong to think like this?
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